Trading with reputable foreign exchange brokers like XM is a step forward in trading deals for anyone looking to get involved in this business. The number of pros XM provides in the case of making minimum deposits are applaudable, so it is worth looking into. In this article, we take a close look at XM minimum deposit using funding methods and account types to ensure that customer needs are met.
XM minimum deposits
The minimum investment you can find on XM is $ 5. This applies to standard accounts and micro accounts, which are the most common of all bankruptcy groups. Depending on the regulatory framework, you can access different types of accounts and minimum investment amounts.
XM account types
- Standard Account
A typical XM account can be used in any jurisdiction and the price is very reasonable: at $ 5, the investment here is so small that it’s easy to see why many people choose to do business with it. You can also use Islamic accounts if you want, and they can easily be considered the best accounts in the industry.
- Micro Account
Likewise, XM’s minimum investment in micro accounts is very small – only $ 5. This account allows trades in micro lots at great prices and is available to all traders in all controlled areas. Also take care of Islamic merchants.
- XM Zero Account
XM zero accounts are also available. This account type can be used under CySEC and most countries/regions regulated by the XM World Markets regulatory framework. Spreads offered here are one of the highest zero spread accounts, starting at 0 pips, although there is a commission charged when trading. The minimum deposit to trade XM on this account is still only $100.
- Ultra Low Account
This type of XM Low allocation account is suitable for traders within the Australian regulatory framework and Global XM Markets. The currency spread of this account is very low, so there is no need to worry about commissions. The minimum deposit for this type of account is $50.
- Shares account
XM’s shares accounts are only available through the XM Global Market regulated territory with a minimum deposit of $ 10,000.
Steps for minimum deposit in XM
Once buyers complete the website registration process, they can follow these steps to make their minimum deposit:
- Go to the client portal and select “Deposit”.
- Choose the method and amount of deposit.
- Once the buyer has made a choice, they will return to the payment processing page to confirm their deposit.
Please note that when a merchant makes a deposit using bank transfer, the transaction may take some time to complete, depending on the method, time and day of the week. Bank transfer can take from one to several business days.
Pros of XM minimum deposit
- No deposit fees is charged.
- Time-efficient depositing of funds.
- User friendly method to deposit funds.
- Low minimum deposit amount.
- Different kinds of deposit methods.
- Supports a range of currencies.